Uber Technologies Inc [UBER] stock is trading at $70.49, up 0.61%. An important factor to consider is whether the stock is rising or falling in short-term value. The UBER shares have gain 2.76% over the last week, with a monthly amount glided 6.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Uber Technologies Inc [NYSE: UBER] stock has seen the most recent analyst activity on February 22, 2024, when BTIG Research reiterated its Buy rating and also boosted its price target to $90 from $80. Previously, Needham reaffirmed its Buy rating on February 08, 2024, and elevated its price target to $90. On January 24, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $66 on the stock. Needham reiterated its Buy rating and increased its price target to $71 on January 22, 2024. BMO Capital Markets initiated its recommendation with a Outperform and recommended $69 as its price target on January 09, 2024. Nomura downgraded its rating to Neutral for this stock on December 29, 2023, and upped its price target to $62. In a note dated November 03, 2023, KeyBanc Capital Markets upgraded an Overweight rating on this stock but restated the target price of $60.
Uber Technologies Inc [UBER] stock has fluctuated between $40.09 and $82.14 over the past year. Currently, Wall Street analysts expect the stock to reach $70.67 within the next 12 months. Uber Technologies Inc [NYSE: UBER] shares were valued at $70.49 at the most recent close of the market. An investor can expect a potential return of 0.26% based on the average UBER price forecast.
Analyzing the UBER fundamentals
Uber Technologies Inc [NYSE:UBER] reported sales of 38.59B for the trailing twelve months, which represents a growth of 14.82%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.14 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.87.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 69.94 points at the first support level, and at 69.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.94, and for the 2nd resistance point, it is at 71.38.
Ratios To Look Out For
For context, Uber Technologies Inc’s Current Ratio is 1.21. On the other hand, the Quick Ratio is 1.21, and the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 3.82, the price to book ratio is 13.30 and price to earnings (TTM) ratio is 110.02.
Transactions by insiders
Recent insider trading involved West Tony, that happened on Jun 13 ’24 when 28000.0 shares were sold., West Tony completed a deal on Jun 06 ’24 to sell 89234.0 shares. Meanwhile, Chief Executive Officer KHOSROWSHAHI DARA sold 0.5 million shares on May 17 ’24.
